Payment in Foreign Currency
Invoices to MTI's clients are denominated in the United States Dollar (USD), and are payable to "Dana Mediation Institute, Inc."
Clients located outside the United States are requested to make checks or other payment instruments in USD.
We understand that this may be inconvenient or impractical in some cases. Clients in certain countries* who prefer to make payment in their local currency, may do so as follows:
- Go to the Bank of America currency converter.
- Select the foreign currency in which payment is to be made.
- Estimate the amount in your local currency that is equivalent to the amount of MTI's invoice and press the "Calculate" button. Several approximations may be necessary to produce an accurate result. (Note that this is not the "official" exchange rate; it is the rate that Bank of America pays when it buys foreign currency for deposit in MTI's account as USD.)
- Once the calculation produces an amount in USD that is at least the invoiced amount, make note of the equivalent amount in your local currency.
- Add 2% to cover bank service charges and day-to-day currency fluctuations that may occur between the time you send your payment and the time it arrives for deposit in MTI's account in the Bank of America.
* Clients in Canada, Eurozone, Great Britain, Switzerland, Australia, New Zealand, Brazil, Costa Rica, Mexico, and Japan may make payment in their local currencies using the process outlined above. All others are expected to arrange to make payment in USD.